Where News Meets Analysis

Day: March 31, 2019

31 March 2019: Jet Airways pilots on Sunday deferred their strike scheduled for April 1. At a National Aviator’s Guild (NAG) meeting, pilots decided to State bank of India (SBI) management more time which is why the strike has been deferred to… Read More ›

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31 March 2019: As many as 34 power companies have accumulated Rs 1.4 lakh crore of NPA for Indian banks while 41 corporates across sectors, including those from infrastructure, textile, telecom, sugar, steel, energy, power and fertilisers have Rs 84,000… Read More ›

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31 March 2019: Asserting that the insolvency law’s objectives are reorganisation and resolution of a defaulting company, IBBI Chairperson M S Sahoo said that if creditors recover their dues one after another or simultaneously, the company would bleed to death…. Read More ›

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31 March 2019: The delay in actual realisation from the resolution of the big-ticket cases like Essar Steel has put the non-performing assets (NPAs), or bad loans, recovery target by banks of ₹1.8 lakh crore in jeopardy. A section of the Finance Ministry, however,… Read More ›

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31 March 2019: State-run construction major NBCC is open to acquiring more distressed assets in the real estate sector, provided there are no corporate governance issues, chairman Anoop Kumar Mittal has said. NBCC has already bid for Jaypee Infratech, which is being resolved through the corporate insolvency process. “There… Read More ›

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